Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Kemper Corp. Acquires Infinity Property & Casualty of Alabama for $1.4B
Feb 20 2018 // Birmingham, Ala.-based Infinity Property and Casualty were bought for $1.4 billion. Kemper Corp. acquired the auto insurance provider in a cash and stock transaction, making it one of the largest nonstandard auto insurers...
CNA Reports Solid Q4 and Year 2017 Despite Catastrophes
Feb 13 2018 // Insurer CNA saw its fourth quarter 2017 combined ratio improve and its quarterly net income dip only slightly despite catastrophe losses. For the full year 2017, it achieved net income of nearly $900 million, which was...
Mickletz to Lead Everest Insurance Excess Casualty Division in the Southeast
Feb 13 2018 // Jeff Mickletz has joined Everest Insurance as director and senior underwriter within the Excess Casualty division of Everest Specialty Casualty. He will be handling the Southeast territory of the United States. According...
Why Tax Cuts May Curb Insurers’ Municipal Bonds Appetite
Feb 12 2018 // Put on the Taylor Swift and pull out the Ben & Jerry’s ice cream: The municipal-bond market’s long relationship with property and casualty insurance companies may be breaking up. That’s because last...
Atlantic Casualty Adds Tokuda as Vice President in Arizona
Feb 7 2018 // Atlantic Casualty Insurance Co. has named Tim Tokuda assistant vice president in business development and marketing. Tokuda will work to develop marketing strategies and distribution channels for multiple states within the...
Missouri’s Safety National Casualty Announces Management Changes
Feb 6 2018 // St. Louis, Missouri-based Safety National Casualty Corp. is implementing changes to its executive and upper management structure that will become effective on April 1, 2018. Gene Maier, executive vice president and chief...
A.M. Best Ratings Recap
Feb 5 2018 // Rating Assigned: Pan-American Casualty A.M. Best assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Pan-American Casualty Co. (PACC) in Richardson, Texas.The...
People
Feb 5 2018 // CAL Insurance & Associates Inc. has added Elian Boukhalil as an account manager. Boukhalil will work within CAL’s affluent families division. She was previously an intern with Publiscreen Online. Before that she...
Casualty Catastrophe Modeler Praedicat Raises $6 Million
Jan 31 2018 // Praedicat said it has completed a $6 million, early-stage financing. The Los Angeles-based casualty catastrophe modeling company plans to use the money to accelerate development of products that prepare insurers and other...
Lockton Promotes Goldstine to Lead U.S. Casualty Practice
Jan 24 2018 // Global broker Lockton has appointed Debbie Goldstine to executive vice president and U.S. casualty leader. In this expanded role, Goldstine will support Lockton clients and advise associates and clients on marketplace and...
Regions Insurance Taps Breedlove to Lead Property & Casualty Operations from Georgia
Jan 23 2018 // Regions Insurance, an affiliate of Regions Bank, has named Mike Breedlove executive vice president of Property & Casualty Operations. Breedlove will be responsible for leading the company’s property &...
Oklahoma Says Farmowners Insurance Program Insurer, Rockingham, not Licensed
Jan 22 2018 // The Oklahoma Insurance Department says a farmowners insurance program being advertised in Oklahoma is not valid because the insurer, Rockingham Casualty Co., is not licensed to operate in the state. In early January,...
A.M. Best Assigns Credit Ratings to Texas’ Pan-American Casualty
Jan 19 2018 // A.M. Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Pan-American Casualty Co. (PACC) in Richardson, Texas, a wholly owned indirect subsidiary of...
A.M. Best: Ratings Outlooks Negative for Texas-Based Standard Casualty
Jan 18 2018 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Standard Casualty Co. (Standard...
Oklahoma Says Farmowners Insurance Program Insurer, Rockingham, Not Licensed
Jan 16 2018 // The Oklahoma Insurance Department says a farmowners insurance program being advertised in Oklahoma is not valid because the insurer, Rockingham Casualty Company, is not licensed to operate in the state. In early January,...
J.M. Wilson Adds James as Assistant Property/Casualty Underwriter in Ohio
Jan 12 2018 // J.M. Wilson has hired Taylor James as assistant property/casualty underwriter in its Westerville, Ohio, office. James is responsible for assisting underwriters on a wide variety of property and casualty risks, as well as...
Workers’ Comp Carrier Retailers Casualty Insurance Expands Into Alabama
Jan 5 2018 // Retailers Casualty Insurance Co. has received all regulatory approvals from the Alabama Department of Insurance to begin offering workers’ compensation coverage in the state of Alabama. Appointed agents may quote...
Seeman Holtz Property & Casualty Acquires J & A Insurance of Florida
Jan 3 2018 // Florida-based Seeman Holtz Property & Casualty, Inc. has acquired J & A Insurance and More, Inc., headquartered in West Palm Beach, Florida. Led by Jacqueline Estevez and her team, the company has offered...
What They Are Saying About Effects of Trump Tax Cuts on Insurance Industry
Dec 22 2017 // Congress has passed and President Donald Trump has signed the Tax Cuts and Jobs Act (HR1) into law. It is the biggest tax change in 30 years. Under the legislation, insurers, agencies and other businesses organized as C...
Chubb Restructures Real Estate and Hospitality Practice
Dec 21 2017 // Chubb has restructured and made several appointments in its its Real Estate and Hospitality practice. As part of this new structure, the following appointments are effective immediately: Seth Gillston, Chubb’s...
